Thursday, October 9, 2014

The Helping Hand

During class we played a game of rock paper scissors with Hershey Kisses as the winning prize and the losing cost. Mostly everyone started with three kisses but two students stared with ten. Talk about an unfair advantage! The game was supposed to simulate us working for our money and at the end some people ended up with none and some people ended up with a whole lot more than what they started with. what we didn't know was that none of that mattered because Ms. Gallagher a.k.a. the government came over and took everyone's kisses and gave each person three again. This was her way of showing us what communism is. The next round we were able to choose if we wanted to take a chance and play so this was showing the invisible hand theory. I thought this lesson was aggravating because you could be really doing well and all that hard work was for nothing because all you can have is three. But, I also liked it because it was fun to get up and play a game and chocolate at seven a.m. is always nice.




Marx theory was that there should be no social classless society and they shall have no government. They should all have equal pay and shelter and everything should be even. Marx was trying to help the poor stay afloat but he was also taking away the hard earned money of the rich. Smiths theory was called the invisible hand. The invisible hand is the idea that the government will not control everything and they will let people choose what they want to buy and sell and the market will naturally flourish as if guided by an invisible hand. This way of living gives the industrialists a chance to control their own prices and to make their own business decisions. When Smith developed his theory he was thinking about the poor because this can give the poor more options on how to spend the little money they have how they want and on what they need.




In my opinion Smith's theory the Invisible Hand is the better option. I think this because it gives the poor, the rich and the in between a chance to spend their own money how they want it. It is more a independent way of living than being forced to be equal. This way you have a choice in how to live your life.


*cant import pictures or videos and I don't know why*

1 comment:

  1. If you are still having trouble with importing media, stop by and see me or check out http://rmhshelpdesk.blogspot.com/2014/10/media-embedding.html

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